Mark Wiseman sees a ‘disconnect’ in the market, expects earnings to be subdued

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A former Canada Pension Plan Investment Board (CPPIB) CEO and Chair at AIMCo said there is a disconnect in the market regarding the prospect of a soft landing, saying bonds could be a good option for inventors given the current cycle.

Mark Wiseman, former chair of AIMCo and former CEO of CPPIB, joins BNN Bloomberg to talk about investing in real estate and alternative assets in the market.

Mark Wiseman said in an interview with BNN Bloomberg Monday that the U.S. economy has exceeded his expectations when it comes to soft landing hopes and is performing “remarkably well.” However, he added that there is currently a “bit of a disconnect in the markets.” “You can’t have rates coming down and earnings going up and strong economic growth both happening at the same time.”

 

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